Nancy Cook, a senior national political correspondent at Bloomberg who has covered Trump since 2016, joins Ed Harrison, a senior editor and author of Bloomberg's Everything Risk newsletter. They dive into the implications of Trump's tariff plan and its impact on the U.S. economy. The discussion highlights rising recession and inflation risks, market turmoil from high tariffs, and the complexities of current trade strategies. They also touch on tax reforms, national debt concerns, and the historical context of these economic challenges.